Arsenal chief Ivan Gazidis says greater financial controls are gaining consensus across the Premier League.

Arsenal recently posted a healthy pre-tax profit and Gazidis believes they provide the model which could be adopted by more clubs as they look to become self-sustaining.

He told BBC Five Live: "Arsenal were operating this way a long time before football looked at it and decided it would be a good path for football to move into.

"I think people believe money can be spent without consequence and if we learnt anything from the financial crisis the world has had over the last few years it has to be unsustainable spending and unsustainable environments don't last forever.

"I think football is in a fantastic position to address this because we are in a position where I am very optimistic for the future of football. The revenues the game generates, particularly the Premier League's position, is fantastic.

"This is a very successful UK industry and it deserves a lot of credit for that."